Artificial waxes and prepared waxes of polyethylene glycol fall under the HS Code 34042000. This code is used to classify and identify this specific type of product for international trade purposes. In this article, we will explore the details of this HS code and provide information about its product description, duty rates, quantity unit, special tariff preference programs, and importing/exporting US states.
The product described by HS Code 34042000 is artificial waxes and prepared waxes of polyethylene glycol. These waxes are synthetic substances that are derived from polyethylene glycol. They are commonly used in various industries, including cosmetics, pharmaceuticals, and industrial applications. Artificial waxes and prepared waxes of polyethylene glycol offer excellent lubrication, water solubility, and stability properties, making them suitable for a wide range of applications.
The bound / most-favored-nation (MFN) duty rate for products classified under HS Code 34042000 is free. This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This duty-free treatment promotes fair and equal trade among countries and encourages economic growth.
The quantity unit for HS Code 34042000 is kilograms (KG). This unit of measurement is used to quantify the weight of the artificial waxes and prepared waxes of polyethylene glycol being traded. It ensures accurate measurement and facilitates international trade transactions.
Several special tariff preference programs apply to imports classified under HS Code 34042000. These programs provide certain countries with preferential treatment, including duty-free or reduced duty rates. The following special tariff preference programs are applicable:
These special tariff preference programs aim to promote trade and economic development among eligible countries by providing them with favorable trade conditions.
When it comes to importing and exporting products classified under HS Code 34042000, certain US states play a significant role. The following US states are involved in the import and export of artificial waxes and prepared waxes of polyethylene glycol:
These states are actively engaged in international trade activities related to this product, indicating its importance in their respective economies.
HS Code 34042000 represents artificial waxes and prepared waxes of polyethylene glycol. This code allows for the proper classification and identification of this specific product for international trade purposes. It is essential to understand the product description, duty rates, quantity unit, special tariff preference programs, and the involvement of specific US states in the import and export of this product to ensure smooth and compliant international trade transactions.